• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10833 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10833 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10833 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10833 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10833 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10833 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10833 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10833 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%

Viewing results 1 - 6 of 54

Turkic States Focus on AI and Trade at Kazakhstan Summit

Leaders of the Organization of Turkic States (OTS) are holding an informal summit in the city of Turkistan, focused on artificial intelligence, digitalization, and economic integration, as Central Asia gains importance as an alternative trade corridor between Europe and China. The meeting brings together the leaders of Kazakhstan, Turkey, Azerbaijan, Uzbekistan, and Kyrgyzstan, along with representatives of observer states. Discussions are centered on digital platforms, joint AI projects, transport corridors, and industrial cooperation. The summit comes amid rapid growth of the Trans-Caspian International Transport Route, also known as the Middle Corridor, which links China and Europe through Central Asia and the Caucasus while bypassing Russia. According to analysts in Kazakhstan, cargo volumes along the route reached 3.3 million tons in 2024, almost six times the 2021 level. Turkish President Recep Tayyip Erdoğan arrived in Astana on a state visit ahead of the summit and held talks with Kazakh President Kassym-Jomart Tokayev. “Kazakhstan and Turkey are connected by enduring friendship, brotherhood, and eternal partnership,” Tokayev said following the meeting. Erdoğan thanked Kazakhstan for the reception and highlighted the escort provided by Kazakh military fighter jets after his aircraft entered the country’s airspace. According to participants at the OTS business forum, the combined GDP of member states exceeds $2.1 trillion, while their total population stands at 178 million people. Despite increasing political coordination, trade between OTS countries still accounts for only around 7% of their total foreign trade turnover, leaving considerable room for deeper economic integration, analysts say. OTS member states are increasingly seeking to expand cooperation beyond cultural and political ties by focusing on logistics, the digital economy, and joint investment projects. Kazakhstan views the organization as one of the instruments for diversifying its foreign economic relations and expanding its role as a transit hub between Asia and Europe.

Opinion: Turkey’s Third Vector: How the Turkic States Are Expanding Central Asia’s Room for Maneuver

President Recep Tayyip Erdoğan’s May 13-14 state visit to Kazakhstan and the May 15 informal summit of the Organization of Turkic States in Turkistan should not be read as isolated diplomatic events. Together, they point to a larger shift in Central Asia’s geopolitical architecture. During Erdoğan’s visit to Astana, Kazakhstan and Turkey signed the Declaration on Eternal Friendship and Expanded Strategic Partnership, along with agreements covering trade, transport, energy, education, investment, defense cooperation, oil and gas, and financial-sector collaboration. The two sides also reaffirmed their goal of raising bilateral trade to $15 billion. Erdoğan was awarded the newly established Khoja Ahmed Yassawi Order, a symbolic gesture tied to the summit being hosted in Turkistan, the city most closely associated with Yassawi’s legacy. A day later, Turkistan hosted the informal summit of the Organization of Turkic States under the theme “Artificial Intelligence and Digital Development.” The timing matters. Central Asia is no longer operating inside a simple Russia-China framework. Russia remains deeply embedded in the region through security history, infrastructure, language, labor migration, and energy networks. China remains the region’s main infrastructure and trade heavyweight. The West is increasingly focused on sanctions, critical minerals, connectivity, and the Middle Corridor. But Turkey is becoming something different: not a replacement for Russia or China, but a useful third vector. Its influence is built on identity, logistics, defense technology, education, digital cooperation, and institutional networking through the Turkic States framework, rather than overwhelming capital or military dominance. Turkey as a Corridor Power Turkey cannot match China’s investment scale in Central Asia. It also cannot match Russia’s historical security depth. Ankara does not need to replace either power to matter. Its comparative advantage is different. Turkey connects Central Asia westward, to the South Caucasus, the Black Sea, the Mediterranean, and Europe. It also offers a language of partnership that is culturally familiar and politically less threatening than great-power patronage. Tokayev captured this dimension during the joint statements in Astana, describing Turkey as a “golden bridge” connecting Europe and Asia. The framing is telling: not a partner of equal weight, but a connector, exactly the function of a corridor power. A corridor power does not dominate a region directly. It expands the routes, partnerships, platforms, and strategic options available to states that do not want to be trapped between larger powers. That is why the Erdoğan-Tokayev meeting and the Turkistan summit matter. The issue goes beyond bilateral trade. It is the gradual construction of a Turkic corridor linking identity, transport, defense, digital governance, and markets. The OTS as Identity Infrastructure The Organization of Turkic States is often dismissed as symbolic: summits, speeches, flags, cultural rhetoric, and references to shared history. That reading is incomplete. Identity is not just emotion. In international politics, identity can become infrastructure. Shared language, educational networks, media links, cultural affinity, and repeated institutional contact reduce the cost of trust-building. They make it easier to sign agreements, build transport projects, expand student exchanges, coordinate business forums, and create political habits of consultation. The...

Turkic States to Focus on Artificial Intelligence at Kazakhstan Summit

Kazakhstan will host an informal summit of the Council of Heads of State of the Organization of Turkic States (OTS) in the city of Turkistan on May 15, where participating leaders are expected to focus on artificial intelligence, digitalization, and expanding economic cooperation. Held under the theme “Artificial Intelligence and Digital Development,” the summit is expected to become one of the largest regional gatherings of Turkic states in 2026. Heads of state and government from member and observer countries, along with the OTS secretary-general, are expected to attend. According to the organization, participants will discuss the use of AI and digital innovation to stimulate economic growth, modernize public services, and improve regional connectivity. The agenda also includes joint initiatives involving Turkic digital platforms. Ahead of the summit, President Recep Tayyip Erdoğan of Turkey will make a state visit to Astana at the invitation of President Kassym-Jomart Tokayev. The leaders of Kazakhstan and Turkey are scheduled to hold the sixth meeting of the High-Level Strategic Cooperation Council and discuss the development of bilateral relations. In recent years, the OTS has gradually expanded cooperation beyond its traditional political and cultural agenda to include transport corridors, energy, and the digital economy. The summit in Turkistan is expected to represent an effort to shape a common regional agenda in the field of artificial intelligence. The OTS said holding the meeting in Turkistan, described by the organization as the “spiritual capital of the Turkic world”, symbolizes an attempt to combine shared historical heritage with technological modernization across the region. The organization’s members include Kazakhstan, Turkey, Azerbaijan, Uzbekistan, and Kyrgyzstan. Observer status is held by Turkmenistan, Hungary, and the Turkish Republic of Northern Cyprus. The economic dimension of the summit also remains central. According to Turkish sources, annual trade turnover between Turkey and OTS member states has approached $17 billion. Turkish exports to Kazakhstan, Azerbaijan, Kyrgyzstan, and Uzbekistan increased from $6.2 billion in 2021 to $10 billion in 2024. During the same period, imports rose from $4.2 billion to $6.5 billion. In 2025, Turkish exports to OTS countries totaled $9.6 billion, while imports reached $7.3 billion. Kazakhstan remains Turkey’s largest export destination among OTS member states, with Turkish exports to the country reaching $3.2 billion. During the first three months of 2026 alone, Turkish exports to Kazakhstan amounted to approximately $700 million. A Turkish-Kazakh business forum is also expected to take place during Erdoğan’s visit to Astana, with participation from business representatives from both countries and Turkey's Trade Minister Ömer Bolat. The forum is expected to focus on expanding trade and investment ties. As preparations for the summit intensify, Kazakhstan has increased security measures. Additional police forces from neighboring regions have reportedly been deployed to Turkistan, while military aviation training flights began in Astana on May 10 ahead of an aerial demonstration scheduled for May 15. Kazakhstan’s Defense Ministry said the flights would be conducted at safe altitudes and should not significantly affect daily life in the capital.

Meeting of the Organization of Turkic States Held in Baku

On April 2, Azerbaijani President Ilham Aliyev met with participants of a meeting of the heads of government of the Organization of Turkic States (OTS) in Baku, outlining key areas of cooperation. Among those attending were Turkish Vice President Cevdet Yılmaz, Uzbek Prime Minister Abdulla Aripov, Kazakh Prime Minister Olzhas Bektenov, Kyrgyz Prime Minister Adylbek Kasymaliev, Deputy Chairman of the Cabinet of Ministers of Turkmenistan Nokerguly Atagulyev, Prime Minister of the Turkish Republic of Northern Cyprus Unal Ustel, and OTS Secretary General Kubanychbek Omuraliev. Opening the meeting, Aliyev stressed the importance of dialogue. “This meeting of the heads of government of the Organization of Turkic States is being held in Baku. I warmly welcome you all,” he said. According to Aliyev, such meetings allow not only for the discussion of economic issues but also for reaffirming unity among member states. He noted that cooperation within the organization remains a priority of Azerbaijan’s foreign policy. He also reiterated a key message that ran throughout his speech: “We have repeatedly stated from various platforms that the Turkic world is our family; we have no other family,” Aliyev said. Special attention was devoted to economic cooperation. According to the president, trade between member states is growing, and investment volumes are increasing. He noted that Azerbaijan has invested more than $20 billion in the economies of OTS member states. Most of this has been directed to Turkey, though investment activity is expanding elsewhere. In particular, joint funds have been established with Uzbekistan, Kazakhstan, and Kyrgyzstan to support project implementation. Aliyev also thanked partners for their participation in the reconstruction of Karabakh. Facilities built with the support of OTS countries are already operational in the region, including the Mirza Ulugbek School, the Kurmangazy Children’s Creative Center, and the Manas School. In addition, a garment factory has been opened in Khankendi with the participation of Uzbekistan. He also highlighted mutual support among member states. Following the earthquake in Turkey, Azerbaijan financed the construction of the “Azerbaijani Quarter” in Kahramanmaraş, valued at $100 million. Transport and logistics projects were another key topic. According to the president, infrastructure development remains a top priority. These include the Middle Corridor, the Trans-Caspian route, and the Zangezur Corridor, all of which are gaining importance in the current geopolitical environment. Aliyev said that infrastructure within Azerbaijan is largely complete. Railways, the Baku port, highways, and airports are operational. Construction of the Zangezur Corridor is also progressing, with the highway nearly 90% complete and the railway approximately 70% complete. He also noted the construction of the Kars-Nakhchivan railway line in Turkey, which is expected to enable a new international route with an initial capacity of about 15 million tons of cargo. In conclusion, Aliyev said these projects are aimed not only at serving regional interests but also at expanding international transport connectivity. He expressed confidence that the meeting would contribute to the further development of the OTS and strengthen cooperation among member states.

Turkic States Set to Expand Mutual Trade and Strengthen Economic Integration

The 14th meeting of ministers responsible for economy and trade of the Organization of Turkic States (OTS) was held on February 20 in Turkistan, Kazakhstan. The gathering brought together ministerial delegations from member states to advance economic cooperation, deepen trade ties, and promote sustainable and inclusive growth across the Turkic region. Founded in 2009 to foster comprehensive cooperation among Turkic-speaking nations, the OTS includes Azerbaijan, Kazakhstan, Kyrgyzstan, Turkey, and Uzbekistan as full members. Turkmenistan, Hungary, and Northern Cyprus participate as observers. According to the OTS Secretariat, the Turkic region recorded an average economic growth rate of 6.86% in 2025, more than double the global average. Despite this performance, OTS Secretary General Kubanychbek Omuraliev called for intensified efforts to expand intra-regional trade. Omuraliev highlighted ongoing negotiations on the Agreement on Services and Investment Facilitation, describing it as a decisive step toward deeper economic integration. He also pointed to strengthened institutional mechanisms, including the Council of Central (National) Banks of the OTS, the Turkic Green Finance Council, enhanced cooperation among Financial Intelligence Units and Competition Authorities, and closer coordination between the Turkic Investment Fund and the Union of Turkic Chambers of Commerce and Industry (TCCI). Delegations discussed practical measures to increase intra-OTS trade, improve the investment climate, and enhance regional connectivity. Participants emphasized the need for coordinated policies to reduce trade barriers, support small and medium-sized enterprises, and facilitate cross-border commerce. Kazakhstan’s Deputy Minister of National Economy, Asan Darbayev, underscored the symbolism of holding the meeting in Turkistan, a historic spiritual center of the Turkic world and a key node of the ancient Silk Road. He noted that the OTS is steadily evolving from a dialogue platform into a mechanism for practical cooperation, building new value chains and expanding trade links. In 2025, mutual trade among OTS member states exceeded $11.9 billion. Kazakhstan’s largest trade volumes were with Turkey ($4.9 billion), Uzbekistan ($4.3 billion), Kyrgyzstan (nearly $2 billion), and Azerbaijan ($425 million). Investment ties are also strengthening. Between 2005 and 2025, foreign direct investment from OTS countries into Kazakhstan surpassed $6.3 billion. Over the same period, Kazakh investments in OTS economies reached $5 billion, including more than $1.3 billion in 2025 alone. The meeting concluded with the signing of a Memorandum of Understanding on Partnership in Trade and the adoption of a Roadmap for Cooperation in Economy, Trade, Investment, and Finance. As previously reported by The Times of Central Asia, in December 2025 the Board of Governors of the Turkic Investment Fund announced that the fund would begin operations in the first quarter of 2026. Headquartered in Istanbul, the Turkic Investment Fund is the first joint financial institution established by OTS member states. Its mandate is to promote economic cooperation, boost intra-regional trade, and finance major joint initiatives aimed at strengthening long-term regional integration.

Turkic Investment Fund to Launch Operations in Early 2026

At a meeting held in Bishkek on December 5, the Board of Governors of the Turkic Investment Fund (TIF) announced that the Fund will begin its operational activities in the first quarter of 2026. With an initial authorized capital of 500 million dollars and a potential increase to 1.5 billion dollars, the TIF is the first dedicated financial institution jointly established by the Turkic states. Its mission is to enhance economic cooperation, boost intra-regional trade, and support sustainable development across the Turkic world. Headquartered in Istanbul, the Fund will finance major joint projects among member states of the Organization of Turkic States (OTS). The OTS, founded in 2009, includes Azerbaijan, Kazakhstan, Kyrgyzstan, Turkey, Uzbekistan, and Turkmenistan. Hungary and the Turkish Republic of Northern Cyprus participate as observer states. The TIF was officially established during an extraordinary OTS summit in Ankara in March 2023, with Azerbaijan, Kazakhstan, Kyrgyzstan, Turkey, and Uzbekistan as founding members. Hungary joined in June 2024, while Turkmenistan maintains observer status. According to the Board of Governors, the institutional infrastructure required for TIF operations was largely completed in 2025, and preparatory work on a pipeline of investment projects is currently underway. The Board emphasized that the decision to initiate operations reflects growing expectations among member states for the Fund to begin allocating resources and advancing strategic initiatives. During the Bishkek meeting, Uzbekistan’s representative, Laziz Kudratov, Minister of Investment, Industry and Trade, was elected Chairman of the TIF Board of Governors. The Fund will pursue its mandate by offering preferential loans, co-financing projects alongside international financial institutions, and attracting private investment into key sectors of the region’s economies. Following the inaugural meeting of the TIF Board in Istanbul in May 2024, the Turkish Ministry of Finance projected that the combined economic output of the Turkic states would reach $1.9 trillion by the end of 2024, with a population of approximately 178 million.